secwatch.observer — SEC 8-K summary
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Issuer:     TE Connectivity plc (TEL)
CIK:        0001385157
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001104659-23-032991
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.05, 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

TE Connectivity board approves $250M restructuring charges for FY2023
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- Restructuring charges of ~$250M in FY2023, with $104M already incurred in first three months.
- Actions span Transportation, Industrial, Communications segments; expected completion by FY2025.
- Cash spending of ~$250M to be funded from operations; $34M spent in first three months.
- Director Yong Nam not re-elected due to retirement age policy.
- AGM approved $2.36/share dividend (four quarterly $0.59 payments) and share repurchase authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385157/000110465923032991/0001104659-23-032991-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385157/000110465923032991/tm239655d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-032991

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